From Nasdaq:

Citigroup held its Q4 2023 earnings call, highlighting its progress in simplifying the organization and executing its strategy throughout the year. Despite a disappointing fourth quarter, the company accomplished several milestones, including a record year for services and additions to its wealth and USPB sectors. The company is in the process of restructuring and reducing expenses, aiming to eliminate 20,000 positions and achieve over $2 billion in run-rate savings. While facing external headwinds, including a reserve build and a negative revenue impact, Citigroup remains focused on its long-term goals and strategic growth.



Read more: Citigroup (C) Q4 2023 Earnings Call Transcript